U.S. adds a surprisingly strong 517,000 jobs despite Fed hikes

Associated Press

02/03/2023

Economy Jobs Report — PETER ELLINGWOOD delivers heating oil, Jan. 31 in Farmington, Maine. On Friday, the U.S. government issues the January jobs report. America’s employers added a stunning 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates. ASSOCIATED PRESS FILE PHOTO / ROBERT F. BUKATY

WASHINGTON (AP) – America's employers added a stunning 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve's aggressive drive to slow growth and tame inflation with higher interest rates. The unemployment rate dipped to 3.4%, the lowest level since 1969. Friday's government report added to the picture of a…

Register to keep reading or subscribe today and receive unlimited access.
Already a Subscriber?

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.